comunicato | Rome, 15 March 2016

Board of Directors approved 2015 Draft Financial Statements and Consolidated Financial Statements

Results in line with announced guidelines:

Total revenues at 877.5 million Euros
EBITDA at 105.5 million Euros
Net financial position positive at 152.9 million Euros
Net profit at 45.5 million Euros

Board of Directors of Engineering Ingegneria Informatica S.p.A. has approved today 2015 Draft Financial Statements and Consolidated Financial Statements of the Group, which shows a growth in net revenues by 4.1% yoy and an EBITDA at 105.5 million Euros.

These results confirm the guidelines announced to the financial community in the past months, estimating total revenues ranging between 850 and 870 million Euros and EBITDA between 104 and 106 million Euros, as well as a positive track record of the Group.

At the end of 2015, the consolidated total revenues registered an amount of 877.5 million Euros, compared to 853 million Euros registered at the end of the previous year (+3.6% net of 2014 extraordinary proceeds, amounting approximately 6 million Euros).

As of December 31, 2015, EBITDA came in at 105.5 million Euros (+1.6% yoy, net of 2014 extraordinary proceeds amounting approximately 6 million Euros).

Net profit reached 45.5 million Euros (+26.6% net of 2014 extraordinary proceeds).

As of December 31, 2015 net financial position showed a strong improvement, registering a positive balance of 152.9 million Euros compared to 121.4 million Euros reached at the end of 2014. This difference is due to a good cash generation coming from operations, to an improvement in proceeds time lapse especially from the Public Administration, and to a more efficient management of trade receivables.

Group headcount totalled 8,136 units, registering a significant increase compared to previous year, resulting mainly by the recruitment campaign launched in 2015 which led to the permanent hiring of 1,215 people, including 1,052 in Italy.

“We are extremely satisfied for the achieved results, but even more for the role that the company is increasingly obtaining in our clients’ modernization processes, transferring into the market the results of research activities in which the company, during 2015, has made investments in line with those carried out in the past”, has stated Paolo Pandozy, CEO, Engineering Group.

The Board of Directors of Engineering Ingegneria Informatica S.p.A. has also deliberated to schedule the next Ordinary Shareholders’ meeting on April 29, 2016 in first call and on May 20, 2016 in second call with the following agenda:

  1. Financial Statements as of December 31, 2015, Consolidated Financial Statements as of December 31, 2015, Directors’ Management Report, Risk Management and Control Committee’s Report, Corporate Governance Report, and the Auditors’ Report.
  2. Consultation of first section of the Remuneration report under article 123-ter of Legislative Decree 58/1998.

The Board of Directors has also deliberated not to propose the payment of dividends at the next Ordinary Shareholders’ general meeting.

The manager responsible for preparing the company’s financial reports – Armando Iorio – declares pursuant to the paragraph 2 of the Article 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books and accounting records.